Admissions & Financial Aid
Loans

STAFFORD, PLUS, and PRIVATE loans

New Borrowers

Stafford loan will automatically be included in your financial aid award if you completed the FAFSA. However, you will be required to complete Entrance Counseling and a Master Promissory Note in order to receive the loan. We will notify you when those items need to be completed.

Parent PLUS loans may be available to help cover the cost of education. These loans are taken out by the parent and must be repaid with interest. See our PLUS Loan page for more information about how to apply.

Private loans are available to some students (must be creditworthy or have a creditworthy co-signer). See our private loan page for more information about how to apply.

If you are unsure about student loans and would like some additional information, please visit the US Consumer Financial Protection Bureau website. This site has a wealth of information about choosing the right student loan for you.

Previous Borrowers

If you have utilized a Stafford loan in the past, and have completed the FAFSA, the Stafford loan will automatically be included in your financial aid award.

Parent PLUS loans may be available to help cover the cost of education. These loans are taken out by the parent and must be repaid with interest. See our PLUS Loan page for more information about how to apply.

Private loans are available to some students (must be creditworthy or have a creditworthy co-signer). See our private loan page for more information about how to apply.

Wabash College Subsidized loans are need-based. If this loan is not included in your financial aid award, you are not eligible for it. If your award package includes a Wabash College Subsidized loan, you will receive a disclosure statement in the mail. In addition, you will be asked to come to our office in person to sign a Master Promissory Note when you return to campus in August.

Disbursement of Loan Funds

Generally, all financial assistance is divided equally between the Fall and Spring semesters. Students and/or parents must apply and be approved for any loan funding. All loan proceeds are applied against direct charges from the College. If there is a credit balance on the student's account after all aid is applied, the student and/or parent receives a refund from the Business Office after the student completes the registration process. Any refund should be used toward indirect educational expenses.